KraneShares Global Carbon ETF (KRBN) Performance
KRBN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.6% since Dec 31, 2025
- 1 year
- +4.1% total return
- 5 years
- +3.6% a year
- Since first price
- +15.5% a year since 2020
KRBN trailing returns vs SPY, QQQ, AGG
| Period | KRBN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.6% | +10.6% | +7.8% | +8.4% | −1.5% |
| YTD | −3.6% | −3.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.1% | +2.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +6.6%+2.1%/yr | −6.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +19.4%+3.6%/yr | −17.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJul 30, 2020 | +146.1%+15.5%/yr | +69.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KRBN vs SPY
From Jul 30, 2020: KRBN grew to $24,610, SPY to $25,537.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KRBN returns by calendar year
3 of 5 full years positive. Best 2021 (+107.7%), worst 2024 (−13.6%). 2026 is year to date.
KRBN annual returns table
| Year | KRBN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.6% | −25.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.1% | −16.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −13.6% | −19.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.0% | −15.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.8% | −36.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +107.7% | −14.2% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KRBN largest drawdowns
Now 12.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 4, 2022 | −36.4% | Mar 7, 2022 | not yet | 31 days | 4.7 years so far |
| Sep 14, 2020 | −16.7% | Oct 28, 2020 | Dec 2, 2020 | 44 days | 3 months |
| Dec 8, 2021 | −14.2% | Dec 17, 2021 | Feb 2, 2022 | 9 days | 56 days |
| May 14, 2021 | −10.7% | May 19, 2021 | Jun 30, 2021 | 5 days | 47 days |
| Jul 1, 2021 | −10.1% | Jul 22, 2021 | Aug 11, 2021 | 21 days | 41 days |
| Oct 5, 2021 | −10.1% | Oct 19, 2021 | Nov 10, 2021 | 14 days | 36 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KRBN risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +1.9% | +3.5% | +15.2% |
| Volatility (annualized) | 18.4% | 21.6% | 22.9% |
| Sharpe ratio | -0.04 | 0.10 | 0.60 |
| Sortino ratio | -0.05 | 0.14 | 0.98 |
| Best month | +7.8% | +17.1% | +17.1% |
| Worst month | −13.1% | −15.0% | −15.0% |
| Best 12 months | +23.1% | +23.4% | +113.4% |
| Worst 12 months | −13.6% | −21.5% | −21.5% |
| Positive months | 61% | 57% | 61% |
| Beta vs S&P 500 | 0.28 | 0.37 | — |
| Correlation with S&P 500 | 0.19 | 0.27 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KRBN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 64 | −21.5% | +6.0% | +113.4% | 66% |
| 3-year (a year) | 40 | −7.0% | +2.1% | +34.6% | 62% |
| 5-year (a year) | 16 | +3.5% | +8.9% | +19.8% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
KRBN performance overview
KraneShares Global Carbon ETF (KRBN) returned +4.1% over the past year and +3.6% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +15.5% a year, turning $10,000 into about $24,610. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −36.4%, from Feb 4, 2022 to Mar 7, 2022; the fund has not yet regained that high. KRBN finished 3 of its 5 full calendar years with a gain; the best year was 2021 (+107.7%) and the worst 2024 (−13.6%). Volatility has been 22.9% a year.
Related: KRBN chart, KRBN dividends. See the KRBN overview for the latest quote and fund facts.
KRBN performance FAQ
What is the KRBN return over the past year?
KRBN returned +4.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.1%.
What is the average annual return of KRBN?
KRBN has returned +3.6% a year over 5 years, +15.5% a year since July 30, 2020 (total return, distributions reinvested).
How much would $10,000 invested in KRBN be worth?
$10,000 invested in KRBN at its first recorded close on July 30, 2020 would be worth about $24,610 on October 23, 2026 with distributions reinvested.
What was the worst year for KRBN?
The worst calendar year was 2024, with a total return of −13.6%. The best was 2021 at +107.7%.
What is the biggest drawdown of KRBN?
The largest peak-to-trough decline was −36.4% between February 4, 2022 and March 7, 2022. It has not yet recovered to that high; it is 12.1% below its peak.
How volatile is KRBN?
Over the past 3 years KRBN had an annualized volatility of 18.4% and a Sharpe ratio of -0.04 (excess return over 1–3 month T-bills per unit of risk).